Warren H. Gfeller - 24 Apr 2024 Form 4 Insider Report for INNOVATE Corp. (VATE)

Role
Director
Signature
/s/ Warren H. Gfeller
Issuer symbol
VATE
Transactions as of
24 Apr 2024
Net transactions value
+$44,400
Form type
4
Filing time
25 Apr 2024, 17:09:46 UTC
Previous filing
07 Nov 2023
Next filing
20 Jun 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VATE Common Stock Options Exercise $44,400 +63,428 +22% $0.7000 352,388 24 Apr 2024 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction VATE Subscription Rights (right to buy) Options Exercise $0 -221,932 -100% $0.000000* 0 24 Apr 2024 Common Stock 63,428 $0.7000 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares were directly acquired by the reporting person as a result of the exercise of subscription rights which were issued to the reporting person in the Issuer's rights offering.
F2 Every one (1) subscription right entitles the reporting person to purchase 0.2858 shares of the Issuer's common stock at a subscription price per full share of $0.70.